Finally some relief for Toronto’s sizzling summer
July 19, 2010 by Joy Paterson · Leave a Comment
We are finally seeing some relief for Toronto’s sizzling summer- weather wise and in the real estate market. In the first two weeks of July, we saw 2,790 resale sales through MLS – a dip by 37% compared to same time last year.* On the other hand, average prices are up from last July by [...]
Is the Toronto Real Estate Market Heating Up?
June 9, 2010 by Joy Paterson · Leave a Comment
The Toronto real estate market this year has been a bit unpredictable. Months which are typically down time, January, February and March were uncharacteristically record setting. As we move closer into the hot summer months, will the Toronto Real Estate market still be sizzling? In addition to the first quarter of the year, the beginning [...]
Central Toronto Real Estate Sales – 2000 to 2009
April 26, 2010 by Joy Paterson · Leave a Comment
Unit sales for Central Toronto for February 2009 totaled a mere 739 transactions. The same time last year there were 1017 sales, 37% more than this year alone. The average price the same time last year was $522,480, approximately 10% more than this year. These figures can be a little intimidating for individuals who purchased at the peak [...]
Toronto New Mortgage Rules
April 7, 2010 by Joy Paterson · Leave a Comment
As of April 19th, 2010 the federal government will be implementing new rules on government backed insured mortgages (mortgages less than 20% down on the price of the home) In a nutshell here is how it will effect you… – All borrowers must qualify for a 5 yr fixed rate mortgage no matter what terms [...]
Market Still Going Strong!
February 17, 2010 by Joy Paterson · Leave a Comment
In the past two months, I’ve been apart of many multiple offer situations and in my experience December and January are usually slow months. So this leaves me scratching my head wondering what is going on with the Toronto Real Estate Market, and more specifically the Toronto Condo Market. This past January alone, there were 4,986 [...]
Realtor MLS vs Public REALTOR.ca
December 23, 2009 by Joy Paterson · Leave a Comment
When the times come to buy a home or condo in Toronto, most buyers will start their search on the Internet and more specifically on Realtor.ca, an online database of properties for sale. This site which was formerly known as MLS.ca has recently experienced a nice face lift and now incorporates interactive maps to help [...]
Toronto Real Estate Market Update – October, 2009
November 12, 2009 by Joy Paterson · Leave a Comment
Things are looking good for the Toronto Real Estate Market according to TREB Market Watch October, 2009 report. October was an outstanding month with sales up 64% from the same time last year. * The average transaction price is also up 20% from last October at $392,264 to $423,559.* One thing I noticed in October [...]
September Toronto Real Estate Market Update
October 1, 2009 by Joy Paterson · Leave a Comment
In the first two weeks of September, Greater Toronto REALTORS reported 3,361 sales – up 23 per cent compared to the first two weeks of September 2008. The average price for these transactions was up eight per cent year-over-year to $393,818. “An increasing number of positive reports pointing to economic recovery coupled with low interest [...]
Toronto Real Estate Board Market Update
September 24, 2009 by Joy Paterson · Leave a Comment
July was a record setting month with sales up 28% from the same time last year. There were 9,967 sales with an average transaction price of $395,414. See full TREB report
Cost of Luxury Real Estate
September 24, 2009 by Joy Paterson · Leave a Comment
Toronto’s Luxury Condos are actually quite affordable when comparing them to condo prices around the world. Luxury condos in Toronto range on average from approx $850 to $1500 per square foot. Other cities such as London and New York run from $3,600 to $8,400 and $2,100 to $6,000 respectively. Singapore’s “The Marq” sold a condo [...]
